SolarEdge Technologies, Inc. (NASDAQ:SEDG) Shares Bought by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,011,760 shares of the semiconductor company’s stock after buying an additional 8,079 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in SolarEdge Technologies were worth $13,760,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SEDG. KBC Group NV grew its stake in shares of SolarEdge Technologies by 95.8% in the 3rd quarter. KBC Group NV now owns 2,816 shares of the semiconductor company’s stock worth $65,000 after purchasing an additional 1,378 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of SolarEdge Technologies by 655.2% in the fourth quarter. GAMMA Investing LLC now owns 5,264 shares of the semiconductor company’s stock valued at $72,000 after buying an additional 4,567 shares in the last quarter. US Bancorp DE lifted its position in shares of SolarEdge Technologies by 243.6% during the 3rd quarter. US Bancorp DE now owns 6,818 shares of the semiconductor company’s stock valued at $156,000 after acquiring an additional 4,834 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of SolarEdge Technologies during the 4th quarter worth $227,000. Finally, GFG Capital LLC acquired a new position in shares of SolarEdge Technologies in the 3rd quarter worth $229,000. 95.10% of the stock is currently owned by institutional investors.

Insider Activity at SolarEdge Technologies

In other news, Chairman More Avery bought 156,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average price of $13.65 per share, with a total value of $2,129,400.00. Following the transaction, the chairman now owns 244,478 shares in the company, valued at $3,337,124.70. This represents a 176.32 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Citigroup reissued a “sell” rating and issued a $9.00 price target (down previously from $12.00) on shares of SolarEdge Technologies in a research note on Wednesday, January 8th. Guggenheim upgraded shares of SolarEdge Technologies from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. BMO Capital Markets lowered their price objective on shares of SolarEdge Technologies from $21.00 to $12.00 and set a “market perform” rating on the stock in a research report on Thursday, November 7th. Glj Research raised SolarEdge Technologies from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, UBS Group dropped their price target on SolarEdge Technologies from $26.00 to $18.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Eight research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.84.

SolarEdge Technologies Price Performance

SEDG opened at $14.68 on Friday. The company has a current ratio of 2.34, a quick ratio of 1.46 and a debt-to-equity ratio of 0.39. SolarEdge Technologies, Inc. has a twelve month low of $10.24 and a twelve month high of $87.98. The firm’s fifty day moving average is $13.96 and its two-hundred day moving average is $18.97.

SolarEdge Technologies (NASDAQ:SEDG) last issued its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported ($15.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.55) by ($13.78). SolarEdge Technologies had a negative net margin of 158.19% and a negative return on equity of 65.79%. The business had revenue of $260.90 million during the quarter, compared to analyst estimates of $272.80 million. During the same quarter in the prior year, the firm posted ($1.03) earnings per share. SolarEdge Technologies’s revenue for the quarter was down 64.0% compared to the same quarter last year. Equities research analysts forecast that SolarEdge Technologies, Inc. will post -23.2 earnings per share for the current year.

SolarEdge Technologies Profile

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.